New Delhi, March 4 -- SEDEMAC Mechatronics IPO Day 1: Sedemac Mechatronics, a manufacturer of powertrain controls and auto components, began its public subscription on March 4 and will conclude on March 6. SEDEMAC Mechatronics IPO price band has been set between Rs.1,287 and Rs.1,352, which values the company at approximately Rs.6,000 crore at the upper limit.

The company raised Rs.326 crore from anchor investors prior to the opening of its initial public offering for public subscription, as mentioned in an update from the exchange.

Among the anchor investors listed in a circular posted on the BSE website are Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, HDFC Mutual Fund, SBI M...